Economy and Consumption in the Atlantic World

by

LAST REVIEWED: 08 June 2017

LAST MODIFIED: 25 October 2017

DOI: 10.1093/obo/9780199730414-0018

Introduction

Whether there was such a thing as an “Atlantic economy” in the Early Modern period (the three centuries from about 1500 to about 1800) remains a matter of debate—part of the larger controversy over whether Atlantic history should be considered a distinct field, a subfield of world history, or just a new title for the long-established, if only recently fashionable again, field of imperial history. What is clear is that there currently exists no study of the Atlantic economy as a whole. Instead, research on early modern Atlantic economic history is scattered in many places and under many rubrics. Often it is included in chapters in books or collective volumes of essays on themes as varied as the early modern Jewish Diaspora or the British Atlantic. Findings in Atlantic economic history also appear as subtopics in subjects such as plantation slavery, piracy, and port cities. Much valuable economic history of the Atlantic basin, moreover, is not explicitly conceptualized or presented from an Atlantic perspective but within frameworks that may be global, imperial, regional, or even local. Then too, diverse historiographical traditions understand the term “Atlantic” differently. For some, it includes the entire basin; for others, just a national littoral that fronts on the Atlantic. Finally, multiauthor collections are common—more common, perhaps, than single-author monographs. This allows better coverage of a wide variety of sources, languages, and societies. But it also reflects and helps perpetuate the absence of a governing paradigm to orient scholarship.

General Overviews

Davis 1973 remains the only work proposing a general overview. While still an interesting survey of the economies of the European imperial powers at home and in the Americas from the 15th through the late 18th centuries, it is dated both in information and in taking a resolutely Eurocentric rather than Atlantic perspective and, despite its title, including nothing on Africa and the slave trade. Two collections of essays, Coclanis 2005 and McCusker and Morgan 2000, demonstrate the exciting work currently underway and suggest avenues for further research, but neither comes close to a comprehensive account or a unified interpretation. Though lacking a chapter devoted to the economy as such, many essays in Canny and Morgan 2011 contain relevant material.

Contains chapters devoted to slave trading, trade and commodities, and the economic impact of the Atlantic world; economic information and analysis are also included in articles focused on imperial and social topics.

Coclanis, Peter A., ed. The Atlantic Economy during the Seventeenth and Eighteenth Centuries: Organization, Operation, Practice, and Personnel. Columbia: University of South Carolina Press, 2005.

Excellent collection of original essays, many concerned with transatlantic trade, including slaving. One group of papers focuses on the functioning of imperial economies in the Atlantic; another, on important agricultural and industrial commodities that circulated throughout the Atlantic; a third, on the relations of individual colonial economies with the larger Atlantic economy. No agreement is reached on whether a single Atlantic economy existed in the period covered.